Victor Dahdaleh Granted $16 Million Bail

Victor Dahdaleh, the prominent international businessman accused of bribing officials in Bahrain to score aluminum contracts for metals giant Alcoa has been granted bail in exchange for the equivalent of a $16 million security bond at a U.K. hearing.

Last week the U.K.’s SFO arrested Dahdaleh, a key figure in the bribery investigation of Alcoa’s dealings with Bahrain’s state-owned manufacturing company Alba, short for Aluminum Bahrain BSC. Here’s the coverage on that development and related stories here and here.

The AP reported Monday that District Judge Quentin Purdy told Dahdaleh he would be granted bail until an appearance at London’s Southwark Crown Court on Jan. 13. He ordered Dahdaleh to post 10 million pounds in security and said he must observe a 10 p.m. to 6 a.m. curfew at his central London home.

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